The following units of an inventory item were available for sale during the year:

Beginning inventory	8 units at $52
First purchase	15 units at $54
Second purchase	20 units at $59
Third purchase	13 units at $61

The firm uses the periodic inventory system. During the year, 37 units of the item were sold.

The value of ending inventory using LIFO is

a.$1,218

b.$1,426

c.$1,010

d.$416